Litecoin price prediction: LTC returns to $45, what to expect?

Thursday 24 September 2020, 4:33 AM AEST - 1 month ago

Litecoin price returns to $45, what to expect?Litecoin price prediction: LTC returns to $45, what to expect? 19

  • Litecoin price currently $44.53 at time of writing
  • Litcoin price travelling on an ascending trendline
  • Litecoin price expected to rise to $45
  • Resistance level found just above $58
  • Litecoin price may be falling towards the $38 mark

The Litecoin price line for an ascending slope on the 1-day chart for the 22nd of September. The price rose towards the $45 mark. Crypto analysts on Trading View expect the LTC price to fall towards $40. On the 21st of September, the cryptocurrency rested near the $43 level.

1-Day Litecoin price analysis Litecoin price chart 1 - 22 SeptemberLitecoin price chart by Trading View

The LTC price was observed at $44.53 during the time of writing on Bitstamp. The cryptocurrencys price was observed at a high of $45.07 US Dollars.

Litecoin price to return above $50?

The Trading View analyst Solldy believes that the LTCUSD trading pair will rise towards an ascending resistance level soon. The resistance lies above the $58 level.

Litecoin price chart 2 - 22 SeptemberLitecoin price chart by Trading View

The cryptocurrency fell towards the $46 level on the 3rd of September when the price line broke below an ascending parallel channel. The crypto analyst is of the opinion that the LTC price is currently being pushed up from the descending support line that it appears to trade above. If the price can move above the first ascending resistance, it will confirm a support level here and observe sideways movement before heading on towards the second resistance. This resistance level is the lower boundary of the ascending channel. If the cryptocurrency reenters the ascending channel. ...

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